TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BSL CORPORATION BERHAD ("BSLCORP" OR THE "COMPANY") - SHARE SALE AGREEMENT ENTERED BETWEEN UNIQUE FORGING & COMPONENTS SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY, AND KAB ENERGY HOLDINGS SDN. BHD. IN RELATION TO THE DISPOSAL OF THE ENTIRE EQUITY INTEREST IN MATAHARI SURIA SDN. BHD.
BSL CORPORATION BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | BSL CORPORATION BERHAD ("BSLCORP" OR THE "COMPANY") - SHARE SALE AGREEMENT ENTERED BETWEEN UNIQUE FORGING & COMPONENTS SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY, AND KAB ENERGY HOLDINGS SDN. BHD. IN RELATION TO THE DISPOSAL OF THE ENTIRE EQUITY INTEREST IN MATAHARI SURIA SDN. BHD. |
The Board of Directors of BSL Corporation Berhad (“BSLCorp” or the “Company”) wishes to announce that Unique Forging & Components Sdn. Bhd., a wholly owned subsidiary of the Company, had on 17 August 2022 entered into a Share Sale Agreement (“SSA”) with KAB Energy Holdings Sdn Bhd in relation to the disposal of 1,000,000 ordinary shares (“Sale Shares”) in Matahari Suria Sdn. Bhd. (“MSSB”), representing 100% of the total issued shares of MSSB for a total sale consideration of RM5,300,000.00 only, subject to the terms and conditions of the SSA (“Disposal Consideration”) (“the Disposal”).
Upon completion of the Disposal, MSSB shall cease to be a sub-subsidiary of BSLCorp.
Further details are set out in the attachment.
This announcement is dated 18 August 2022. |
Please refer attachment below.
Announcement Info
Company Name | BSL CORPORATION BERHAD |
Stock Name | BSLCORP |
Date Announced | 18 Aug 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-12082022-00019 |